CrowdStrike (NASDAQ:CRWD) Shares Up 1.3% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 1.3% during trading on Thursday after Cantor Fitzgerald raised their price target on the stock from $350.00 to $370.00. Cantor Fitzgerald currently has an overweight rating on the stock. CrowdStrike traded as high as $361.24 and last traded at $354.86. 1,339,869 shares changed hands during trading, a decline of 73% from the average session volume of 4,976,758 shares. The stock had previously closed at $350.15.

A number of other equities research analysts also recently weighed in on CRWD. CICC Research initiated coverage on shares of CrowdStrike in a report on Monday. They issued a “market perform” rating and a $295.00 price target for the company. Royal Bank of Canada reduced their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Piper Sandler reiterated an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $334.33.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in shares of CrowdStrike during the second quarter worth about $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the 2nd quarter valued at approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of CrowdStrike during the 2nd quarter worth approximately $38,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

The company has a fifty day simple moving average of $303.76 and a two-hundred day simple moving average of $311.21. The company has a market capitalization of $87.98 billion, a price-to-earnings ratio of 514.29, a P/E/G ratio of 23.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.